In the matter of the CERC (Conduct of Business) and (Terms and Conditions of Tariff) Regulations for Combined Assets under Transmission System associated with Meja TPS in the Northern Region – EQ
Summary:
—
#### **1. Case Background**
– **Petitioner:** Power Grid Corporation of India Limited (PGCL)
– **Respondents:** Sixteen electricity distribution companies, transmission licensees, power departments, railway authorities, and municipal bodies across Northern India.
– **Subject of Petition:**
– Truing up of transmission tariffs for the 2019–24 tariff period under the **CERC (Terms and Conditions of Tariff) Regulations, 2019**.
– Determination of transmission tariffs for the 2024–29 tariff period under the **CERC (Terms and Conditions of Tariff) Regulations, 2024**.
#### **2. Assets in Question (Combined Assets)**
– **Asset-1(a):** 400 kV Meja–Allahabad Line–I along with one 400 kV Allahabad bay.
– **Asset-1(b):** 400 kV Meja–Allahabad Line–II along with one 400 kV Allahabad bay.
#### **3. Main Determinations in the Order**
– **Trued-Up Tariffs for 2019–24:**
– Admitted capital cost as of March 31, 2024: **₹66,536,200** (approx. ₹6.65 crore).
– Approved Annual Fixed Charges (AFC):
– 2019–20: ₹11,361,300
– 2020–21: ₹11,032,100
– 2021–22: ₹10,767,900
– 2022–23: ₹10,565,600
– 2023–24: ₹10,392,600
– Components include depreciation, interest on loan, return on equity, interest on working capital, and O&M expenses—all trued up as per regulations.
– **Determined Tariffs for 2024–29:**
– Capital cost remains as trued up on March 31, 2024.
– Approved Annual Fixed Charges (AFC):
– 2024–25: ₹9,985,300
– 2025–26: ₹9,726,500
– 2026–27: ₹9,470,800
– 2027–28: ₹9,084,200
– 2028–29: ₹8,835,100
#### **4. Other Important Directions**
– **Reimbursement of Expenses:** PGCL is allowed to recover petition filing fees and publication expenses from beneficiaries.
– **CTUIL Charges:** Until separate regulations are issued, PGCL shall bear the expenses of the Central Transmission Utility of India Ltd. (CTUIL) and recover them as additional O&M expenses through a separate petition.
– **Security, Insurance, and Capital Spares:** PGCL may file separate petitions for these expenses.
– **Taxes and GST:** No GST is currently levied on transmission services; therefore, the request regarding GST is considered premature.
– **Sharing of Transmission Charges:** Specified sharing mechanism among beneficiaries, including Meja Urja Nigam Private Limited (MUNPL), as per earlier CERC orders and sharing regulations.
#### **5. Legal Basis**
– Primary statutes and regulations:
– Electricity Act, 2003 (Sections 62 and 79).
– CERC (Terms and Conditions of Tariff) Regulations, 2019 and 2024.
– CERC (Conduct of Business) Regulations, 2023.
– CERC (Sharing of Inter-State Transmission Charges and Losses) Regulations, 2010 and 2020.
—
For more information please see below link:
